The spread between the Beirut Reference Rate (BRR) on lending in lira and the BRR on lending in the U.S. dollar has narrowed by 27 percent since January 2016.
The spread is currently at 1.87 percent, as per the rates set by the Association of Banks (ABL) for September 2017.
The margin between the two rates has been slowly decreasing over the period due to the moderate rise in the BRR on lending in dollars. The BRR for lending in liras was fairly stable during the period. The incre...
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